A few years ago, we looked at the role of disruptive technologies in commodities and issued a report on the topic. Back then, there was a lot of buzz around blockchain yet our research suggested that blockchain may still be some years away in terms of true large-scale commercial usage. Indeed, figure 1 from the survey that we did for the research also suggests healthy skepticism about blockchain.
Back then, the emphasis was on cloud and SaaS along with data mining and big data. The study also suggested to us that AI, ML and automation were likely to gain traction sooner than blockchain with more respondents seeing those technologies as having significant or some impact. This was reflected also in plans for investment in the next 12-24 months.
It’s also interesting to note where microservices and VR or augmented reality fell in the pecking order as well.
In 2021, Cloud and SaaS appear to us to be in the rearview mirror. Data remains very important and must be an area of future investment? What does appear to have really taken off is automation. We see this driven by the work from home environment that has been with us for almost a year now but it also is seen as a way to reduce costs, operational risks and increase efficiencies. This is an area that we fully expect to see significant investment across the entire industry. As for blockchain? Well, it seems to us that the jury is still well and truly out on the blockchain. It has its high profile fans, any mention of the word seems to ease money-raising efforts but commercial applications are still far from common. The question is why? Is it because it is a collaborative technology requiring new business structures? Is it because there remain concerns around performance? A lack of clear use cases?
In our new research, kindly sponsored by Kyos, Beacon, and Invensoft, we are trying to answer these and many other questions. We are repeating the survey to compare the difference that 3-4 years makes and would very much like your opinions. It takes about 5 minutes to complete. We are also actively researching use cases of all of these technologies and we are very interested in hearing about any initiatives – just let us know, please.
Take the survey and give us your feedback? – here.